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Stepping into the contentious question of austerity, the I.M.F.
A FIERCE debate is raging within Europe over the question of austerity.
He said he didn't like considering it as a question of austerity versus growth.
But Germany will be tough on the question of austerity.
Mr Draghi said the question of austerity versus growth was nonsensical.
It is into this toxic mix that the question of austerity is thrown - public sector pay and benefits freezes are controlled by the government.
Similar(54)
All too often, or so it seems to me, people who insist that questions of austerity and stimulus are unimportant are actually trying to avoid hard thinking about the nature of the economic disaster that has overtaken so much of the world.
But, increasingly, Dutch economists are also blaming the austerity measures the government began implementing in late 2010 in an effort to reach the EU's 3% budget deficit limits, a goal that seems to recede ever further, even as the cuts continue.The S&P report does not address the thorny question of whether austerity has ultimately had a perverse effect.
With elections coming up in Portugal, Spain and Ireland in the coming year, the question of economic austerity in Europe will be taken to the ballot boxes of three countries in situations not entirely unlike Greece's.
Tsipras and Varoufakis were right to question the virtue of austerity as a catalyst for economic recovery, too.
In her review, Julia Sinitsky praises Åslund's analysis, but questions the wisdom of austerity during a sensitive period.
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